PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
ALNRS Descending Triangle breakout
Al-Noor Sugar Mills Limited · 03 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 120.00 on the breakout. Target 123.29, invalidation 107.16.
Trade plan
● Active- Close
- 120.00
- ▲ 5.27%
- Target
- 123.29
- +2.7%
- Invalidation
- 107.16
- -10.7%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 2.73
- Price now
- 112.55 -6.2%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
ALNRS broke above its descending triangle on the 30-minute close at 120.00.
Projected target 123.29 (+2.7%). The pattern is invalidated beyond 107.16 (-10.7%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 144.00). Nearest demand OB 95.50 - 95.51.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 120.00.
- 2 The target, 123.29 (+2.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 107.16 (-10.7%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break (a fake-out).